TMNT Sequel Happening?

Mirage Studios’ Steve Murphy has posted a message on his Blog saying that a TMNT sequel is looking more and more likely:

As of two weeks ago Imagi Entertainment (the TMNT movie animation studio) informed Mirage Studios that there was a 50-50 chance of a CGI film sequel. Last week they upped the odds to 70-30 in favor of a sequel, as talks between Imagi and their distribution partners Warner Brothers and the Weinstein Group seem to be heading in a positive direction…

The numbers are in Mirage Studios’ favor, as the first film raked in $92.2 million worldwide ($54M domestic, $38.1M overseas), yet cost only $34 million to make.